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Short-Term Insurance Act, 1998 (Act No. 53 Of 1998)

Board Notices

Documents which a person may inspect or obtain a copy of or an extract from in terms of Section 3(4) of the Short-Term Insurance Act,1998 ("the Act")

Board Notice 94 of 2007

 

 

Board Notice 94 of 2007

 

Financial Services Board

 

I, Robert James Gourlay Barrow, Authority of Short-term Insurance, after consulting with the Advisory Committee on Short-term Insurance, hereby notify that a person may inspect the following documents held by the Authority of Short-term lnsurance under the Act in relation to a short-term insurer or obtain a copy of or extract from any such document:

 

(1) A certificate of registration issued to a short-term insurer in terms of section 9(2)(b) or 11 (2) of the Act;
(2) Any approval granted in terms of section 25(1) and 25(2) of the Act for the holding of shares in a short-term insurer;
(3) The names of short-term insurers registered in terms of section 9(2) of the Act and any changes to those names, or translations, shortened forms or derivatives thereof approved in terms of section 17(b) of the Act;
(4) The addresses of the head offices of short-term insurers and the names of their public officers as contemplated in section 16(1) of the Act;
(5) The name of the auditor appointed by a short-term insurer as contemplated in section 19 of the Act;
(6) The names of the Lloyd's representative and deputy representative as contemplated in section 57(7) of the Act;
(7) The names and addresses of Lloyd's correspondents submitted to the Authority by the Lloyd's representative in terms of section 58(2) of the Act;
(8) Each completed statement identified as being available to the public in the annual returns submitted by short-term insurers in terms of section 35 of the Act, including any duly audited account or balance sheet or any other statement or report relating to the finances of short-term insurers which they are in terms of the Companies Act, 1973 (Act No. 61 of 1973) or any other law under which they are incorporated, required to submit to an annual general meeting of shareholders or policyholders, whether or not these insurers have complied with the requirements of the said Act or such other law;
(9) Each completed statement identified as a public statement in the annual return submitted by Lloyd's or the Lloyd's representative in terms of section 58(1) of the Act read with paragraph 7 of Schedule 3 to the Act in respect of the short-term insurance business carried on by Lloyd's in the Republic and in respect of the Lloyd's South African Trust and the Lloyd's South African Transitional Trust.

 

The abovementioned documents will only be made available upon payment of the fees prescribed in terms of section 3(2)(b)(i) of the Act.

 

Notice 191 of 1998, published in the Gazette on 24 December 1998, is hereby withdrawn

 


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